Chicago, June 15 – GS Finance Corp. priced $526,000 of 0% index-linked notes due June 5, 2028 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
At maturity, if both indexes finish above their initial levels the payout will be par plus 1.2 times the return of the worst performer.
If either index declines, but both finish above 60% of their initial levels, the payout will be par plus the absolute value of the lesser performing index return.
Otherwise, investors will be fully exposed to the losses of the worst performer.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Index-linked notes
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Underlying indexes: | Russell 2000 index, S&P 500 index
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Amount: | $526,000
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Maturity: | June 5, 2028
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.2 times return of worst performer; par plus absolute value of lesser performing index return if at least one finishes negative but both finish above trigger buffer level; otherwise, full exposure to losses of worst performer
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Initial levels: | 1,749.65 for Russell, 4,179.83 for S&P
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Trigger buffer levels: | 60% of initial levels
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Pricing date: | May 31
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Settlement date: | June 5
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1.05%
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Cusip: | 40057RQJ0
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